Quote from: mapcointoken on July 16, 2018, 05:31:34 PM

Quote from: JohnPierson on July 16, 2018, 05:27:06 PM

Quote from: mapcointoken on July 16, 2018, 11:55:30 AM

Quote from: JohnPierson on July 15, 2018, 10:11:00 AM

Quote from: mapcointoken on July 14, 2018, 02:45:29 PM

Quote from: JohnPierson on July 14, 2018, 01:28:22 PM

It seems as a promising idea and the problem is clear. Do you have guys any centralized competitors? Why do you need your own token, what is the main advantage do you gain implementing it? Who are the main buyers of the data processed by MapCoin and what is the market size? Thanks and good luck Wink

Hi, thanks for your questions

We dont have big competitors atm, however, although it is really easy to to get into this space of data collection, true professional mapping data services require significant skills and experience to succeed. Only a few companies will have experienced teams to be able to process and analyse collected data as well as offering professional services on top. We are one of those.

Having our own token is key to us building out our tech, paying our data collectors, building support, driving marketing etc.

The main buyers are companies in the autonomous vehicles, mapping, smart cities, location spaces. The autonomous car market is expected to be worth
between $450 - $750billion dollars by 2030. By October 2017 already $80billion2 had been invested in autonomous cars, with the USA and China leading the market.

Thanks again

Thank you for your detailed response, its clear. In which countries do you plan do deploy your service first? And what is the estimation on how many active users do you need to effectively operate and cover city/country map? I think it should be expressed in MapCoin local users per local people or living are /length of roads. Thanks

It depends on the size and complexity of City and country, but for HD Maps, for tier-one city like London, Paris, New York, Shenzhen, HK, we need at least 4000-5000 active users to make it, smaller cities may require fewer. The reason for that is: for example Shenzhen city, in Shenzhen city there are around 19,000 taxis and 16,000 buses that cover all the city roads, For MapCoin 1/4 of the bus/taxi drivers is enough.

We will look to concentrate our efforts in major US cites, eg San Francisco, Germany and Korea. That being said users can collect download our app and start collecting data from any area.

I see, interesting model. Am I right that in big cities where taxi / public transpotr coverage is good you are going to partner with these bus/taxi service providers instead of attracting ordinary citizens? Thanks again for your answers

Absolutely

and thank you for you interest and great questions!

Awesome! I'm actually surprised. I'll be watching closely to see the further developments and how the tokenized model will work out! And it's really great that you have the experienced team behind the idea. You are on my radar Wink

Best wishes to the team